Areva T&D India Stock-split proposal
Areva T&D India jumped 6% to Rs 1615 on BSE after the company said its board will meet on 29 July 2008 to consider a 5-for-1 stock split. The company made this announcement during trading hours today, 22 July 2008.
Areva T&D India will be a major beneficiary of the Indo-US nuclear deal if the deal fructifies. French giant Areva, which holds 72.18% stake in Areva T&D (as at end march 2008) is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power – from mining uranium to dismantling old nuclear power plants.
The company’s products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.
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i dont think so, areva’s EPR reactors are Generation 2 reactors with US NRC approval still pending. I dont know how india will go for a Gen2 reactor when they have Westinghouse-Toshiba’s Generation 3+ reactor’s design approved in US which means high safety evaluation complete. Am sure money exchanging hands here and there and political negotiotians may approve a older and less safter design